Middle East Star
MiddleEastStar.com Thursday 11th March 2010 Issue 70/8
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Sri Lanka doing massive deals with ChinaSri Lanka doing massive deals with China
Sri Lanka will soon build a second international airport on the south of the island, with much of the money coming from...


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BA strike to go ahead after talks failureBA strike to go ahead after talks failure
There has been no agreement reached between British Airways and the Unite...
Defects unable to stop Toyota sales in USDefects unable to stop Toyota sales in US
The US sales of Toyota vehicles declined nearly 9 percent in...
Chrysler takes Volkswagen exec to run FiatChrysler takes Volkswagen exec to run Fiat
The Chrysler Group in the US has named a new executive to head the reintroduction of the Fiat brand to the local...
Kansas City school district shrunken to reduce deficitKansas City school district shrunken to reduce deficit
In the US, the school board in Kansas City has decided to close 26 of the city's 59 public schools to keep the district afloat...
Wall Street listless after wholesale inventories diveWall Street listless after wholesale inventories dive
U.S. stocks inched up Wednesday after an unexpected fall in wholesale...
Carlos Slim becomes the new Bill GatesCarlos Slim becomes the new Bill Gates
Mexican telecom giant Carlos Slim has topped Forbes magazine's billionaire's...
UK bank has better time in 2009UK bank has better time in 2009
The Northern Rock bank in the UK has announced good progress throughout 2009 as it prepares to be...
Orange County residents can now go direct to the islandsOrange County residents can now go direct to the islands
The John Wayne Airport in Orange County, California has been given permission to once again run flights to and from the Hawaiian...
Russia goes to Argentina for caviar fixRussia goes to Argentina for caviar fix
A Russian company has gone to Argentina to increase its supply of...
Forbes says Gates no longer the world's richest
Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 per cent over the last...
Emaar Properties to go ahead with Lombok proposalEmaar Properties to go ahead with Lombok proposal
Gulf company, Emaar Properties, has announced it will restart discussions with the Indonesian government on a project that was postponed during the economic...
Stocks Drop Early After Mixed Jobs Report
NEW YORK — Stocks fell in early trading Thursday after China reported a sharp jump in inflation. Mixed U.S. economic news also held the market back. Overseas markets were mixed after China...
Wisconsin Supreme Court Sides With Wausau Dealership In Dispute With Volvo Trucks
MADISON, Wis. - The Wisconsin Supreme Court has sided with a truck dealership in a dispute with a major manufacturer of semitrailers. The court on Thursday upheld an administrative law judge's...
World Markets Subdued After Chinese Inflation Jump And Ahead Of Us Data Pick-up
LONDON - European stock markets fell modestly Thursday amid growing concerns of an overheating Chinese economy and as investors awaited further insight into the state of the U.S. economic...
Bedfordreport.com Complimentary Analyst Research On Financials Such As Citigroup, Inc. , American International Group, Inc. , Jpmorgan Chase & Co. , Bank Of America Corp. And Many More
TORONTO--(Marketwire - March 11, 2010) - The Bedford Report is pleased to announce that its latest Market Update analyzing the Financial Sector has been released. In this day and age, the pulse of...
Revel Consulting Hires Former Microsoft Director To Drive New Business And Ensure Client Success
www.revelconsulting.com ), a Kirkland, Washington based business management consulting firm, announced today the appointment of Leslie Rissberger as Consulting Director. A former director at...
Mobiform Software Announces Sharp Increase In Quarterly Earnings
MOBS ), today announced sharply higher revenue from continuing operations for the quarter ending January 31, 2010. Revenue for the quarter was $347,023, a significant increase over the $16,126 for...
Japanese Yen Sees Broad Gains On Chinese Economic Data
(MENAFN - Jordan Times) During a ceremony held at Aqaba's Princess Basma Centre for Development, Aqaba Development Corporation (ADC), the central development arm of Aqaba Special Economic...
Energy Stocks: Energy Stocks Lose Ground; Devon Up On Bp Deal
NEW YORK (MarketWatch) -- Energy stocks moved lower Thursday as Exxon Mobil laid out its 2010 capital spending plans and BP took aim at oil riches off the coast of Brazil through a $7 billion deal...
Market Snapshot: U.s. Stocks Decline On China-related Fears
NEW YORK (MarketWatch) -- U.S. stocks fell on Thursday after China reported a steep rise in inflation, fueling thinking the globe's economic engine would hike interest rates, and fresh data showed...
Earnings Watch: Updates, Advisories And Surprises
+1.39% ) rose more than 1% in preopen trade on Thursday ahead of the company chief executive officer's address to a financial services conference in New York. Late Wednesday, the Financial Times...
Metals Stocks: Gold Futures Drop On Chinese Data Concerns
NEW YORK (MarketWatch) -- Gold and metals futures fell on Thursday after the latest batch of reports from China fueled concerns Beijing will further reign in measures to support the economy, leading...
Financial Stocks: Bank Stocks Continue Rise Ahead Of Conference
NEW YORK (MarketWatch) -- U.S. bank stocks rose Thursday morning, adding to recent gains ahead of the Citi Financial Services Conference in New York, where top executives are scheduled to share...
Futures Movers: Crude Oil Dips On China Tightening Fears
NEW YORK (MarketWatch) -- Crude oil futures came under pressure early Thursday as Chinese economic reports fueled concerns that Beijing might further tighten access to money to cool growth, leading...
Bond Report: Treasurys Slip Before Auction Of 30-year Bonds
NEW YORK (MarketWatch) -- Treasury prices fell on Thursday, pushing short-term yields up to the highest level since mid-January, as bond traders gear up for the last auction of the week, in which the...
Before The Bell: Devon Energy, China Data, Dr Pepper In Focus
U.S. stock futures edged lower Thursday on worries that China may have to slam on the brakes to combat accelerating prices, with figures on the U.S. trade deficit and unemployment claims also in...
Mining Groups And Us Jobs Figures Undermine Ftse 100
Weakeness among the mining groups and disappointing US weekly jobs figures are putting the market under renewed pressure.Fears of more monetary tightening in China have been growing, following higher...
New York Restaurant Kitchens Face Threat Of Salt Ban
New York has gained a reputation for taking the health of its citizens seriously – or nannying them, depending on your point of view.Now a member of the city's legislative assembly has gone a step...
Egg Boss Jailed For 'free Range' Fraud
The case raises questions for the food industry. Photograph: Linda Nylind A Midlands businessman was jailed for three years today after admitting making a fortune by fraudulently passing off...
Us Trade Deficit Narrowed In January; 2009 Trade Gap Was $378.6 Billion
The US trade deficit narrowed to $37.29 billion in January, the Commerce Department said today. A 1.7% drop in imports outpaced a 0.3% drop in exports as the volume of oil imports hit its lowest...
Indian Workforce Most Mobile In World: Survey
NEW DELHI: Indian employees are most eager in the world to change jobs in the next six months, a survey by global HR service provider Ma Foi Randstad said. The 'work monitor' survey shows the...
Stocks Slide After Inflation Jumps In China
Overseas markets were mixed after China said its inflation rate jumped 2.7 percent in February from 1.5 percent in January. Rapid inflation could force China to raise interest rates. That, in turn,...
New Jobless Claims Fall Less Than Expected
WASHINGTON - The number of workers filing new applications for unemployment insurance fell slightly less than expected last week, a government report showed on Thursday, hinting at a slow labor...
Survey: Pace Of Foreclosures May Be Slowing
Fears remain about the hundreds of thousands of homeowners who are still being evaluated for help under loan modification programs. Many analysts say most of those borrowers will eventually lose...
Trade Gap Shrinks As Auto, Oil Imports Drop
WASHINGTON - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic...
U.s. Court Reaffirms I4i Patent Win Over Microsoft
Software company i4i says it has another legal victory over Microsoft Corp. in its patent infringement dispute. A three-member panel of the U.S. Court of Appeals for the Federal Circuit has again...
I4i Says U.s. Court Reaffirms Its Victory Over Microsoft
MONTREAL - Software company i4i says it has another legal victory over Microsoft Corp. in its patent infringement dispute. I4i said Wednesday a three-member panel of the U.S. Court of Appeals...
Lufthansa Targets 2010 Earnings Growth On Traffic
March 11 (Bloomberg) -- Deutsche Lufthansa AG, Europe’s second-biggest airline, forecast higher operating profit this year as travel increases and the company reduces...
Hsbc Admits Huge Swiss Data Theft
About 24,000 clients of HSBC's private banking operation in Switzerland had personal details stolen by a former employee, the company has admitted.In December, HSBC said that just 10 account holders...
Volkswagen Profits Fall Sharply
Europe's biggest carmaker, Volkswagen, saw net profits fall 80% last year to 960m euros ($1.3bn; £872m).Operating profits also fell, down 71% from a year earlier to 1.9bn euros, while revenues...
Claims Firm Solicitors Shut Down
A firm of solicitors which worked for a leading claims management company has been shut down by the Solicitors' Regulation Authority (SRA).The SRA has closed the Manchester office of Consumer Credit...
Ear Infections Could Cause Long-term 'lazy Ear'
Some folks who don’t seem to listen may just have a lazy ear. A new study in rats shows that short-term hearing impairments at any stage of life can lead to rewiring in the part of the brain that...
How Andrew Breitbart Hacks The Media
Acorn Filmmaker Made Tapes at U.S. Government Offices, Too Andrew Breitbart has been waiting 45 minutes for a filet mignon. He drums his fingers on the table in this plush Italian restaurant off...
Dodd Plans To Release Bank Reform Bill Monday
WASHINGTON - Senate Banking Committee Chairman Christopher Dodd plans to introduce a revised version of sweeping bank reform legislation on Monday, according to a statement from the Connecticut...
Retail Stocks Fall; Bed, Bath & Beyond Cut By Fbr
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Energy Stocks Fall Back As Oil Surrenders $82
NEW YORK -- Energy stocks fell in early action on Thursday, as oil dropped below $82 a barrel and the broad market slipped. The NYSE Arca Oil Index dipped 0.2% to 1,069, pulling back from gains in...
Tech Stocks Follow Broad Market Into The Red
SAN FRANCISCO -- Technology stocks fell along with the broad market Thursday as concerns about rising prices in China and the state of the U.S. economy dragged the sector down. Decliners included...